AlexxChan
Long

EURAUD retracement back up

FX:EURAUD   Euro Fx/Australian Dollar
EURAUD             headed perfectly downwards to where I suspected it will be. At this point, prices are just above the 76.8% fib level, and with highly oversold RSI and MACD . I suspect that prices will head back up to around 1.5069 and possibly complete an ABC retracement as indicated on the graph. I am still bearish on EUR pairs, however this is a good opportunity to buy this pair. Trade with care

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